For subscribers: Why Bridgewater’s Ray Dalio thinks that the global economy could take a $12 billion hit from the coronavirus pandemic, including $4 trillion in losses for United States companies. Check out CNBCPro and get your first 30 days free.
" that the global economy could take a $12 billion hit from the coronavirus pandemic, including $4 trillion in losses for United States companies.
Dalio said that the fiscal help from the U.S. government also needs to be in the trillions, saying, "a lot of people are going to go broke," and that his hedge fund has lost between 10% and 20%.
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